The announcement of a 25 per cent tariff on India has stirred up the entire South Asia including New Delhi. This step has been taken by America in lieu of friendship with Russia. At the same time, America is not going to stop in such a whole. The rhetoric about India and Russia is also coming out on behalf of US President Trump. Along with this, the oil deal with Pakistan is also being announced to tease India.But now America has banned India’s companies. The administration of US President Donald Trump has banned six Indian companies for significant sales and purchases of Iranian origin petrochemical products.The US State Department has announced that six companies in India are now under the purview of US sanctions. They are alleged to have traded Iranian petroleum and petrochemicals which is a violation of US sanctions.
Also read this: India will have to buy oil from Pakistan, hearing Trump’s plan, Shahbaz also woke up- Khushmadid-Khushamdid
According to the US, Indian companies made millions of dollars transactions in methanol, polyethylene, tolune and other petrochemical derivatives of Iranian origin. Among the companies whose names have been revealed, Alchemical Solutions Private Limited is accused of importing Iranian petrochemicals worth more than $ 84 million between January and December 2024. Now these companies have been banned on all American properties and any transaction with American citizens or companies has been banned. These restrictions will also apply to all the subsidiaries that have 50 percent or more stake of these companies. A statement by the US State Department has clarified that “by American individuals or within the United States [या पारगमन]”All such transactions associated with blocked institutions are prohibited until clearly authorized.
Which companies were banned
1. Alchemical Solutions Private Limited: 84 million dollars (January-December 2024)
2. Global Industrial Chemicals Limited: $ 51 million (July 2024-January 2025)
3. Jupiter Die Cam Private Limited: $ 49 million (July 2024-January 2025)
4. Ramanikalal S Gosalia & Company: 22 million dollars
5. Persistant Petrochem Private Limited: $ 14 million (October-December 2024)
6. Kanchan Paulmers: $ 1.3 million
Why restrictions are important
These restrictions highlight Washington’s increasing monitoring on indirect trade flows, helping Iran to avoid economic sanctions related to its nuclear and regional activities. For India, this step can affect its chemical supply chains and complicate global trade relations associated with double -used chemicals and middlemen. Companies are now facing operational disruption, especially if they depend on banking and shipping services related to the US. This development confirms the US’s intention of implementing its unilateral ban policies globally, regardless of local rules or bilateral relations.